Renewables MMI®: Solar Silicon Rises

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Solar PV array

As roof-mounted silicon photovoltaic solar panels become cost-competitive with traditional energy-delivery methods across most of the US, prices are suddenly spiking for the silicon that makes them work.

FREE Download: The Monthly MMI® Report – covering the Renewable Energy metals market.

Silver, another key raw material in the panels, is down this week.

With a 19.0% increase over the past week, silicon was the biggest mover on the weekly Renewables MMI®. The past week saw Chinese steel plate close at CNY 3,030 ($492.30) per metric ton after a 7.9% decline. The price of Chinese cobalt cathodes rose 2.3% to CNY 220,000 ($35,745) per metric ton after falling 0.9% during the previous week. The price of neodymium fell 1.4% over the past week to CNY 345,000 ($56,054) per metric ton. This was the third week in a row of declining prices.

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At JPY 80,000 ($676.10) per metric ton, the price of Japanese steel plate did not change since the previous week. Closing at KRW 900,000 ($818.02) per metric ton, Korean steel plate remained unchanged for the week. Chinese steel plate saw a 7.9% drop-off this week to end at CNY 3,030 ($492.30) per metric ton. US steel plate prices fell to $816.00 per short ton, down from $843.00 a week ago.

US grain-oriented electrical steel (GOES) held steady on Tuesday, remaining around $2,731 per metric ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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